Utilities Construction Company - Underground
| Asking Price: | $5,000,000 | Inventory: | $53,000 ++ |
| Gross Revenue: | $7,917,000 | Real Estate: | $375,000 ** |
| Cash Flow: | $1,254,000 | FF&E: | $1,909,900 ++ |
| ++ included in the asking price ** not included in the asking price |
This established and profitable construction company is primarily an underground utility and drainage contractor that is licensed in Mississippi, Tennessee, Arkansas, Louisiana, and Alabama. This company provides utilities, storm drainage and directional boring for: retail and industrial sites, municipalities and private developers. In business for more than 12 years, they have created an effective organization of managers, superintendents and skilled workers to meet both client and bond company expectations. Reputation and quality of work has earned this company preferred vendor status and referrals from their impressive client base. Owner enjoys strong take home cash flow. This business is priced right and the seller is motivated. This listing is pre-qualified for SBA financing. There is adequate working capital to operate and expand subject business. This business has recently been awarded It’s first Stimulus Package infrastructure project (including water and sewage systems), with more to follow. Optimal timing for this acquisition is now!
About the Business
Year Established:1996
Employees:25 full time - 0 part time
Facilities:Business facility consists of an office and shop consisting of 4200 sq ft. Three separate storage building consists of 3500 sq ft. The buildings sit on approximately 3.5 acres frontage road property with easy access to major highway. Additional land up to 40 plus acres is available. The business facility, land and building, is available to interested buyers for an additional $375,000. Currently, a lease of $4,000 a monthly is included as an expense in the financials.
Market Outlook and Competition:This business has recently been awarded It’s first Stimulus Package infrastructure project (including water and sewage systems), with more to follow. Business continues to enjoy continued growth in the municipalities segment. Business has adequate working capital, assets, and available geography to operate and expand subject business.
About the Sale
Management Training and Support:The owner is very interested in the long run success of the business and is willing to train buyer for four weeks at no cost in order for the buyer to grasp the basics of the business. Compensation for the owner may be needed and negotiated separately if the training period extends after the initial four week training period or as a consultant position. He is open to negotiate a permanent employment position. Owner is willing to sign a reasonable and necessary non-compete with mile radius and year period provisions.
Reason For Selling:Owner pursuing other interests
Seller Financing:Seller Financing 40%; SBA Financing (Pre-qualified) 40%; Buyer Down Payment 20%.
KEYWORDS: utilities, construction, storm drainage, directional boring, underground, contractor, Mississippi, Tennessee, Arkansas, Louisiana, Alabama, SBA, Stimulus,
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